Singers Net worth Calculation:
Finding the net worth of any celebrity to be specific can be very difficult. Unlike businessmen and companies, there is no specific price to the assets they own. Celebrities on the other hand do not have one specific source of income. A singer specifically does not own money only through their music. They have various other sources of earning.
Money may flow in from their collaboration or social media. It can sometimes be a little harder to find the most accurate network of a celebrity. Sometimes it involves a certain amount of guesswork. But we must make sure that the sum we calculate is as accurate as we can make it and it’s not just mere guesswork. In this article, we are going to make it a little easy for you. However, we only focus on finding the net worth of singers for now.
what is net worth ?
Let us begin with the basics by asking ourselves what exactly is net worth and how can it be calculated. Theoretically, net worth is defined as the sum remaining after assets are deducted from the liabilities. Basically, net worth is the current amount of money, property, and any object that the person owns, free of loans, credits, and mortgages.
how can net worth be calculated?
NETWORTH = ASSETS – LIABILITIES
You can use several assets of a singer for instance their music, record labels if they own any, the money received through sponsorship, the money earned on social media, cars, houses (since they have got a lot of those), jewelry, or any piece of fine art that they own. A huge portion of the income obviously comes from their music career. It includes their albums sold, songs streamed on various streaming apps, and the money earned through concerts performed, collaborations made with other singers, etc.
So here I am going to elaborate on every single asset that a singer owns to help you to estimate their net worth easily.
Singers Income via Streaming Platforms:
As mentioned before, as a singer, music is the basic source of income for a singer. Since many people don’t buy albums anymore and listen to music from their electronic devices, streaming platforms are the current rulers of the music industry.
Although there are a variety of music platforms, most artists definitely have their music uploaded on mainstream platforms. These include Spotify, Youtube Music, and Apple Music. Now each of these has a different algorithm for payments.
Some may pay more, than others. So it is necessary for us to know how much each of such music platforms pays. Here is a website that gives you in-depth information on how income is earned via streaming platforms,’ calculate earnings via streaming platorms ’
- SPOTIFY- Spotify is currently the most popular streaming platform in the world. All the artists, be they famous or indie, upload their music here. And so it is mandatory for us to figure out the earnings of the artist here before anywhere else.
Spotify plays around $0.0033 per stream to the artists. So a song ends up receiving 100K plays, and the artist earns $1,000 when they receive 303,000 streams.
- Apple Music – while the music on this platform can be streamed by apple users only. Yet, this is one of the widely used platforms in the world. Apple Music pays $0.01 per stream. So in order to get $1000, you’ll have to get 100,000 plays.
- YouTube Music – youtube music is again a very famous streaming platform. Mind you, this is not to be confused with the youtube video streaming platforms. While the former only allows you to upload music, the latter lets you post music videos/ lyric versions of the videos along with the music. YouTube Music solely pays $0.008 per stream, while youtube, the video streaming platform pays $4 to $5, to an American YouTuber, if ads are included. So while calculating the net worth, make sure you consider earnings through youtube and youtube music separately. Here is an article you can refer to, to distinguish between youtube, and youtube music. YouTube V/S YouTube Music The Difference
- Other Platforms- apart from these three, there are various other platforms that you must search for if you want to be more accurate with your estimations. For example, amazon music, or SoundCloud, if the artist is a rising artist, especially in the genre of Hip-Hop.
Singers Income Via Album Sales:
Although many of us don’t buy albums anymore, there are still a significant number of albums that are still bought every year. In a poll conducted on whether people still bought albums, a majority of them still said yes, Albums are not out of trend.
So if your artist is especially a famous one, please do consider checking the number of albums they have sold to estimate their net worth as well.
An average album costs around $10 – $20. And producing it costs around $4 – $5 per piece, so if we deduct all the production and delivery charges(let’s assume around $4- $5 again ), an artist earns an average of $5 to $10 dollars per copy sold!
Singers Income Via Sponsorships:
A celebrity sponsorship is when a celebrity collabs with a brand to promote/marketize their products. Celebrities get paid for the same. This includes television commercials, shoutouts, photoshoots for advertisements, etc. The amount given to them totally depends on three factors
i) how famous they are
ii) what kind of a promotion it is
iii) how much the brand can afford to pay.
Since there is no say in how much a singer specifically earns through their sponsorship, you may have to refer and trust various websites across the internet for the same. On average, it can be said to be around $5oo,ooo to $1,000,000. how-much-do-celebrities-get-paid-for-commercials
.Sometimes, they are offered to be the brand ambassadors of the brand, this basically means that they will be the face of the brand which will naturally help the company boost its sales.
Hence they get paid way more if they are indeed the brand ambassadors of a particular company. So while calculating the net worth, research and find out how many brands have the endorsement of that singer and how much exactly are they getting paid for it.
Singers Income Via Music Concerts:
After launching an album, almost all the singers go on a tour to perform their music. It is one of the essential components of becoming a singer! And we all know, concert tickets aren’t cheap, so it must be helping them earn quite a lot as well.
However one should keep in mind that the cost of every ticket sold isn’t directly earned by the singer. The money is distributed and spent n the preparations for the concert.
The singers only get a part of this money. So you must not add the cost of every ticket sold into the net worth of a singer. How much do singers make per concert.
Singers Income from Sponsored Posts on Social Media
Being a singer means having a lot of fans. These fans are often very supportive of celebrities and want to see them. Hence singers naturally have a lot of followers on social media. Once you have a lot of followers, the platforms pay you just for posting. Not only this, but various brands pay royalties to celebrities to promote their products on social media accounts. Hence it is only natural to estimate and figure out how much they earn through social media in order to estimate their net worth. There are three social platforms on which almost all the singers are.
- TikTok
And this is because they need social media to promote their own music as well.
- Instagram – since Instagram is the most actively used social media right now, it is only natural that it will help pay singers a lot for brand endorsements and promotions. As mentioned above, the amount that each singer depends on their followers, the brand, and the type of promotion. If sponsoring for a good ranged company, they can earn up to $800,000 to $1,000,000 per post.
How much celebrities get paid on Instagram
- Twitter – Twitter can be used as an ad page by singers if they are paid enough for it. Accounts with more than 100,000 followers can charge up to $200 per post. Here is more information on how to find out how much celebrities earn through Twitter. How Twitter helps in making money
- TikTok – just like the other apps, even TikTok will determine the money you earn based on your following, engagement, and interactions. If sufficient followers, it can help them earn up to $500,000. In fact, TikTok is the platform that is producing many rising artists since their careers started there. So naturally, there will be plenty of singers there, making fifteen-second videos to promote their music as well as some brands ;).Websites can help you find out more about this. Money earned VIA Tiktok
Singers Income from Business
Other than singing, there is a chance that the singer may own some other businesses of their own. It may be a makeup line, a clothing line, or even a record label of their own. You must find the earnings/ the value of the company and include it in the net worth as well.
For example, the famous American singer Rihanna owns a clothing line as well as a makeup line of her own. She earns $1.4 billion from her makeup brand and $270 million from her lingerie company! Rihanna net worth through business
So, in order to calculate Rihanna’s net worth, we need to count the income she earns through her businesses as well along with the earnings from her music career.
They could be business partners in which case you will have to divide the profit share of the business proportionately in order to divide the income accurately.
Singers Net Worth Components:
This may include any, other sources of income that the particular singer may have done that you know has helped them earn money. It may include shows hosted by them, the interviews conducted, or even the movie cameos they did.
You can also include the money earned through awards/donations given to them by their fans. However, since these factors do not really contribute much to the incomes most times, you may skip them
HOUSES AND REAL ESTATES
If the singer you are writing about is fairly successful and has made it pretty far in life, they will obviously have bag, fancy houses. These houses are also a part of their net worth. Hence, it is mandatory to search the houses they own. Not just the houses they live in, because most of the time singers have many houses in many cities or even countries for that matter. Sometimes they may be an apartment and other times a beach mansion in California.
If you are searching for the net worth of a new artist, someone young, someone who has just started their career, then it may be difficult to find information about their houses on the internet. But that is okay since they are only beginning their journey, it is safe to assume that most of them won’t have big mansions or beach houses, to begin with.
CARS, JEWELLERY, AND Arts, FANCY ITEMS
If the singer is rich enough, again, there is a huge chance that they might have various things that are extremely valuable and worth mentioning and calculating in the Net Worth.
Cars and jets are a few such, to begin with. These things are also assets that they own and hence automatically become p part of the anger’s net worth.
Many of the singes may be very interested in buying expensive and fancy cars. The others may have a piece of fancy custom-made jewelry which ever so often happens to be very expensive.
The are various other things that the singer may own that must be mentioned and counted in your list. For example, the famous rapper, Kanye West, owns gold-plated toilets worth $750,000 dollars. As crazy as this sounds, even such things must be included in the net worth of a singer.
Singers Net worth Calculation Conclusion:
While all of these are the assets of the singer, you can count them s their net worth. But, do not forget to deduct the liabilities since they must not be included in the net worth. This ranges from the money paid to produce the music/albums to money spent on touring for concerts.
Do not put too much effort or thought into it, and usually estimate the total cost of these liabilities using common sense and information from the internet. Then deduct these liabilities from the assets to get the final net worth.